Nevada Mining Rush is Back On and It’s Not Gold!

Vanadium price has increased by more than 1,000% since 2016 (from US$2.5/lb to US$33.9/lb) on the back of strong demand and restricted supply. China accounts for 50% of all vanadium production, followed by Brazil, Russia, and South Africa.

In the USA, there are no active primary vanadium producing mines with most primary vanadium deposits concentrated in the northern Nevada mining belt.

Vanadium mining and exploration companies while getting noticed by investors, have yet not reached valuation reflecting current vanadium price.

Amongst all US vanadium mining companies, Prophecy Development Corp. (TSX: PCY, OTC: PRPCF) has the largest measured and indicated vanadium resource with a preliminarily scheduled path to production, making it the most advanced vanadium project of such standing in North America.